PENGARUH PERPUTARAN KAS PERPUTARAN MODAL KERJA DAN PERPUTARAN PIUTANG TERHADAP LIKUIDITAS PADA PERUSAHAAN PULP AND PAPER

Abstract

This research aims to determine the influence of cash turnover, working capital turnover, and turnover of receivables to liquidity in pulp and paper companies in Indonesia Stock Exchange period 2011-2016. This type of research is a causality study that explains the possibility of causality among variables. With secondary data sources in the form of corporate financial statements for the 2011-2016 period. The method used for sampling is by Purposive Sampling method, based on predetermined criteria, 7 companies are selected as research samples in Pulp and Paper companies. The analytical method used is multiple linear analysis using SPSS application tools (Statistical Product and Service Solution). The results of this research indicate that cash turnover has a positive and insignificant influence on liquidity with regression coefficient of 0.032 and significance level of 0.421. Working capital turnover negatively and significantly influenced liquidity with regresion coefficient of -0.256 and significance level of 0.000 and receivable turnover have positive and significant influence with regression coefficient equal to 0,110 and level of significance equal to 0,035.
Keywords: cash turnover, working capital turnover, accounts receivable turnover, and liquidity.